Latest reading: Consumer prices in Lima were up 1.7% on a year-on-year basis in January, following a 1.5% increase in...
Inflation in Costa Rica
Consumer price inflation in Costa Rica averaged 2.0% in the ten years to 2024, in line with the Central America and Caribbean regional average of 3.2%. The 2024 average figure was -0.4%. For more information on inflation, visit our dedicated page.
Costa Rica Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Costa Rica from 2014 to 2025.
Source: Macrobond.
Costa Rica Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.7 | 1.7 | 8.3 | 0.5 | -0.4 |
| Inflation (CPI, ann. var. %, eop) | 0.9 | 3.3 | 7.9 | -1.8 | 0.8 |
| Inflation (PPI, ann. var. %, eop) | 2.7 | 13.9 | 8.1 | -5.7 | -1.1 |
Deflation deepens in December
Latest reading: Consumer prices fell 1.2% on a year-on-year basis in December, following a 0.4% drop in the previous month. December's reading was the weakest since January 2024. Relative to the prior month's figures, there were reduced price pressures for food and non-alcoholic beverages (-3.0% yoy vs -0.8% in November), transportation (-3.5% vs -3.0% in November) and housing (+0.9% vs +1.0% in November). Lastly, consumer prices increased 0.08% in December on a month-on-month basis, following a 0.47% increase in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Costa Rican inflation projections for the next ten years from a panel of 19 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Costa Rican inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Costa Rican inflation projections.
Want to get access to the full dataset of Costa Rican inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
-
Peru: Inflation picks up in January from December -
Turkey: Inflation slows in January from December Latest reading: Consumer prices were up 30.7% on a year-on-year basis in January, following a 30.9% rise in the previous... -
Australia: Inflation picks up in December from November Latest reading: Consumer prices increased 3.7% on a year-on-year basis in December, following a 3.5% increase in the prior month... -
New Zealand: Inflation ticks up in Q4 Latest reading: New Zealand’s inflationary pressures strengthened toward the end of 2025, with the annual CPI rising to 3.1% in... -
Japan: Inflation eases to lowest since March 2022 in December Latest reading: Consumer prices were up 2.1% on a year-on-year basis in December, following a 2.9% rise in the prior... -
Croatia: Inflation ebbs in December from prior month Latest reading: Harmonized consumer prices rose 3.8% in annual terms in December, following a 4.3% increase in the prior month.... -
Hong Kong: Inflation rises in December from the prior month Latest reading: Consumer prices were up 1.5% on a year-on-year basis in December, following a 1.2% rise in the previous...